Posted by & filed under bitcoin, blockchain, e-currency, Internet.

Description: The blockchain is coming—and it’s going to create huge benefits for the world’s poorest people, from financial access to property rights to controlling their identities.

Source: Fast Co. Exist

Date: March 15, 2016

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Perhaps it’s hard to imagine bitcoin making the world a better place. The price has shuffled around a lot, invoking something more like a casino, rather than something to build a prosperous, steady future on.

This, though, is to underestimate the significance of bitcoin technology. According to many smart and knowledgeable people, this underlying system, known as the blockchain, is an idea of historical importance, with the potential to solve big social problems.

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Questions for discussion:

1. What is a blockchain?

2. Why or how would the use of blockchain technology be beneficial to the bottom billion?

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